Posted by William Charles on November 11, 2018
Bank Account Bonuses

Published on November 11th, 2018 | by William Charles

67

[Expired] [VA only] Dollar Bank $200 Checking Bonus

This offer has expired, view the best current checking bonuses by clicking here.

Update 11/11/2018: Deal is back in VA. Hat tip to reader Brian.

Currently only available in VA.

Deal is back again. Thanks to readers Gadget, Dan & Tery

Deal is back for 2018. This time around it’s a $100 rebate the first year and then $100 credit. Previously it has been $150/$50. Hat tip to reader Joe W

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Dollar Bank serves areas surrounding southwestern Pennsylvania and northeast Ohio (may have to be within 100 miles of branch)
  • Direct deposit required: Yes, $500+
  • Additional requirements: Keep account open for one year
  • Hard/soft pull: Soft
  • Credit card funding: None
  • Monthly fees: $5, waivable 
  • Early account termination fee: Need to keep account open for one year to get full bonus, but $25/180 EATF otherwise.
  • Household Limit: One
  • Expiration date: October 1st, 2016 March 4th, 2017 September 30th, 2017 March 3rd, 2018 September 29th, 2018 (OH & PA), October 31st, 2018 (VA) November 30th, 2018

The Offer

Direct link to offer: PA or OH or VA (slightly different promo)

  • Receive a sign up bonus of $200 (one $100 Mastercard rebate and one $100 credit) when you open an Everything Checking or No Overdraft checking account with Dollar Bank and complete the following requirements:
    • Receive cumulative direct deposits of $500 or more within first 60 days of account opening to receive $100 Rebate on Mastercard debit card
    • $100 credit will be applied to account within two months of the 1 year anniversary, account must have qualified for $100 rebate and be in good standing

 

The Fine Print

  • To qualify for the $200 offer, an Everything Checking or No Overdraft Checking account must be opened by 3/3/18.
  • Offer is for new checking customers only.
  • Up to $200 is available in one $100 rebate and one $100 credit. To receive the $100 debit card rebate, the account must receive cumulative direct deposits of $500 or more within 90 days of account opening, and the account must be in good standing. $100 debit card rebate will be added to the new checking account within 14 days of the qualifying cumulative direct deposits; the rebate will be credited for Dollar Bank Debit Mastercard purchases made via signature (not PIN).
  • The $100 credit will be applied within 2 months of the 1-year anniversary of account opening providing the account qualified for the debit card rebate, is active, in good standing and is in a qualifying plan.
  • Maximum amount is $200 per account and one per household.
  • Subject to 1099 tax reporting

Avoiding Fees

Everything Checking Account $5 Monthly

The Everything checking account has a $5 monthly fee, it’s waived if either of the following conditions is met:

  • Six transactions post to the account (ACH debits count, so you could pull money from this account to another bank)
  • You have an average checking balance of $2,500 or more

No Overdraft Checking Account $5 Monthly

Can be reduced to $2 per month with a qualifying checking relationship

Referral Bonus

For every friend you refer you can earn a $25 bonus, person being referred also receives $25. According to this comment this offer is stackable with this $200 offer.

Our Verdict

Previously they have offered a $150 checking bonus. Previously this deal was split so you’d get $150 now and then $50 in a years time, now it’s $100/$100 so that’s slightly worse. Still annoying to keep the account fee free for a year plus to get the full bonus. There are much better bonuses out there, but this one is still pretty good if you’re happy waiting a year to get the full bonus. If you do decide to sign up, please share your experiences in the comments below.

Big thanks to reader, Andrew who let us know. Please consider sharing bank bonuses with this site so we can make it even better.

Useful posts regarding bank bonuses:



67
Leave a Reply

avatar
 

  Subscribe  
newest oldest
Notify of

Referral bonus is stackable; existing customers got email saying ” Get $25 for each friend that opens and Everything Checking or No Overdraft Checking Account. Plus, they’ll get $200 when they open an account before October 1st!** “.

I live on the opposite end of PA and was rejected by zip code filter

Same here. Need to live in Pittsburgh area to be eligible.

FYI – The offer for PA and OH is different here (although both are $200 total). Ohio is $150 + $50. PA is $100 + $100 from what I can see.

I’m thinking about opening up this account tomorrow or Friday as there is a branch 10 minutes from me. Anyone want to be my refer a friend to $25? Let me know ASAP!

This offer just says “Offer is for new checking customers only.” and no churning interval is given. Does anyone know if this is churnable?

I can ask when I open an account today.

So I have to open a debit card to get the $150 bonus? How does the bonus work? Doesn’t make sense since you pull the amount from the debit card using the same account.

Anyone get the $150 bonus yet?

I somehow got the $100/$100 bonus. Anyone know how I can do signature transaction for the debit card online?

https://www.dollar.bank/Ads/200-Checking

Updated to Oct 15th.

Keeping an eye on this, because they bought a bank in VA. Hoping they bring the promo to VA.

Deal is back! Now due to end on 9/30/17

Changed back to the $100 now and $100 in 12 months.

https://www.dollar.bank/Ads/200-pa?aliaspath=%2fAds%2f200-PA

This is also available in the “market area” of SE VA until February 28th. Promo code CM287 on my flyer.
https://www.dollar.bank/celebrate

I signed up yesterday. Apparently they are not Chex sensitive. No HP. Have instant online access. I did sign up in Branch so no credit card funding. $50 opening deposit. Waiting on my debit card in the mail before doing much with this account. The 6 transactions per month to keep the account free include any outgoing money: debit, ACH, or bill pay. I plan on using a real DD so no DP there.

DoC: Suggested edit: Per the banker the referral is stackable. The referral coupon says both the referring account and the new account customer will get a $25 bonus. If anyone cares to try it, my referral is http://tinyurl.com/y77ptzmb

Gadget, I’m going to open a Dollar Bank account for the $200 offer, and I was going to use your link. However, when I read the fine print it clearly states that the referred customer cannot combine the Referred Bonus with any other offers. I’m going see if I can find out what’s the reality. But unless I see something definitive, I don’t feel like it’s worth risking $200, to get an extra $25.

I know I am about a month late on this, but my Banker verbally stated to me the referral does stack when I asked. And, I believe Dan was able to use my link, because I was just awarded a $25 bonus. But I totally understand your hesitation. All I can say is that I have seen other banks referral program rewards stack, such as Old National, Associated, Regions… but they were using ReferLive. Dollar manually processes theirs based on the notes on the referral form, which to me, makes it more stackable.

DP:. Signed up 2/09 in branch VA.
2/14 & 2/15 $500 Schwab & PNC ACH deposits post to mimic a DD.
2/19 $100 Circle pay load via debit posts.
2/19 $100 bonus! “ONL DEBIT CARD REBATE PURCHASE’ posts.

I’m impressed. Very little work for almost immediate payout. Please consider using my referral link above if you decide to go for this. Thanks.

DP: Schwab ACH definitely counted as a DD. Upon further review of my statement, Schwab deposit says DIR. PNC says DEP. I would assume these mean Direct Deposit and Deposit. As antiquated as their system appears to be, either might have worked, but Schwab One brokerage certainly counted.

Speaking of why I say antiquated, their bill pay is annoying. You have a preset list of billers you have to search through (similar to BMO Harris), and most of my credit cards (most of which are very popular cards, e.g. CF, BCP, CDC) did not match up to the presets. So, you have to enter your own billing details. That’s OK I guess, if you could schedule the payment after you get done typing. Nope. You have to wait until sometime during the next business day when they choose to approve your biller. You get an e-mailed approval, then you can log back in and schedule your payment. Once it is setup, it’s not that big of a deal I guess, but still a pain. Another strike, you cannot tailor the name of your billers, so you need to remember the last 4 digits of the account number if you have duplicates to the same CC Co. I am spoiled – most banks are Fiserv, and all you need is a Co. name and CC number and your done.

Another annoyance: While logged into online banking, you need your PIN just to download your monthly online statement. Your PIN comes in the mail separate from your debit card PIN. Not sure if it is customizable by calling but I know I did not get the opportunity to set it when i opened the account in branch.

I also noticed they take their online banking and app down a lot. To be fair, maybe it’s only a Virginia thing since they took over a bank here. And, mostly late at night or early morning, but happens at least a couple times a week. That’s more than I am used to seeing in any bank I have ever had (since the Internet was used for banking anyway). Just my 2 cents.

I did both a Santander and Wells Fargo ACH push, former said DEP, latter was a DIR. No bonus yet though, but I’m assuming the WF ACH counted as DD.

Update: WF ACH push worked.

Gadget – How are you getting the first $100 out? Are you doing organic spend? Do you know if purchasing a money order at walmart would work?

What was your timeline for receiving the bonus after WF ACH posted?

I used my actually payroll for DD. I bought a $100 giftcard at our local grocery store with the debit card, using signature for processing as Credit instead of pin for Debit. Today the purchase transaction posted along with a $100 “ONL DEBIT CARD PURCHASE REBATE”. Their online banking isn’t the best, but bonus is bonus. Thanks, DoC!

Variation of this offer as Workplace Banking is now available $100 + $50 rebate https://www.dollar.bank/Personal/Workplace-Banking/Offers/Get-$150

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Not only for VA. I believe there are targeted links for each state/city. Here is a link for Cleveland, OH
https://www.dollar.bank/Ads/200-oh

Well, technically, that is a different offer… different expiration. But yeah, another link:

https://www.dollar.bank/Ads/200-pa
https://www.dollar.bank/Ads/200-va

William Charles DoC, the title and note below still says expired.

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Will try this tomorrow in OH w/ a NY DL and will report back

Back to Top ↑